Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Banco Popular de Puerto Rico 05/27/2022 The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with Banco Popular de Puerto Rico (BPPR), a Puerto Rican bank with […]
FINTRAC imposes an administrative monetary penalty on Montecristo Jewellers Inc. News Release May 12, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative monetary penalty on Montecristo Jewellers Inc. This precious metals and precious stones dealer in Vancouver, British Columbia, was imposed an administrative monetary penalty of […]
Trustly Group receives warning and administrative fine 2022-02-22 | SANCTIONS MONEY LAUNDERING BANK Trustly Group AB is receiving a warning and must pay an administrative fine of SEK 130 million. The company is also ordered to address certain deficiencies. Finansinspektionen’s (FI) investigation shows that Trustly has not complied with central parts of the […]
ClearOn receives warning and administrative fine 2022-02-22 | SANCTIONS MONEY LAUNDERING BANK ClearOn is receiving a warning and must pay an administrative fine of SEK 14 million. ClearOn AB is a payment institution that has authorisation to provide payment services pursuant to the Payment Services Act (2010:751). Finansinspektionen has investigated ClearOn’s compliance with […]
FINTRAC imposes an administrative monetary penalty on 9293-0809 Québec Inc. News Release May 10, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative monetary penalty on 9293-0809 Québec Inc., also operating as Groupe Sam’s Globale. This real estate broker in Montréal, Quebec, was imposed an administrative monetary penalty of $101,227 on […]
FINTRAC imposes an administrative monetary penalty on Laurentian Bank of Canada From the Financial Transactions and Reports Analysis Centre News Release April 29, 2022, Ottawa ON FINTRAC announced today that it has imposed an administrative monetary penalty on Laurentian Bank of Canada, also operating as Banque Laurentienne du Canada. On February […]
Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Toll Holdings Limited 04/25/2022 The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with Toll Holdings Limited (“Toll”), an international freight forwarding and logistics company headquartered in […]
For now, let’s just give you the headlines and the links… after I review the documents, I may devote posts to the details… Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Newmont Corporation and Chisu International Corporation Release date 04/21/2022 Body The U.S. […]
Press Release March 16, 2022 SUPERINTENDENT ADRIENNE A. HARRIS ANNOUNCES THAT DFS HAS IMPOSED A PENALTY OF $8.25 MILLION ON MONEYGRAM FOR COMPLIANCE FAILURES Moneygram Failed to Properly Supervise Agents Engaging in Suspicious Transactions to China Superintendent of Financial Services Adrienne A. Harris announced today that MoneyGram International Inc. (“MoneyGram”) has […]
Press Release February 24, 2022 SUPERINTENDENT ADRIENNE A. HARRIS ANNOUNCES $35 MILLION PENALTY ON NATIONAL BANK OF PAKISTAN FOR REPEATED COMPLIANCE FAILURES Bank of Pakistan Continued to Conduct Business in an Unsafe and Unsound Manner, Disregarded Numerous Financial Regulatory Warnings Failed to Maintain Effective and Compliant Anti-Money Laundering Program Superintendent […]
Mr. Watchlist 